In the coming month, several events will take place at once, which can affect both the cost of individual cryptocurrencies and the market as a whole. RBC Crypto.
August 1, 2022
Launch of Kaddex
In early August, a decentralized DeFi ecosystem was launched on the Kadena blockchain. On Kaddex, you can exchange assets, send tokens to staking or a liquidity pool. The developers position Kaddex as a scalable platform with no fees, protected by the PoW (Proof of work) algorithm. In addition, it is planned to develop the project with the active participation of users using DAO.
August 2, 2022
Hard fork in the COTI testnet
The MultiDAG 2.0 update was deployed and launched on the testnet of the COTI project. After this update, it will be possible to create various tokens on top of the COTI Trustchain.
The project is a decentralized payment platform that uses a distributed ledger DAG (Directed Acyclic Graph), which makes it easy to scale and make fast transactions with a minimum commission.
COTI has its own CotiPay payment solution, with which you can resolve disputes between the seller and the buyer, instantly convert COTI tokens into any other cryptocurrency or fiat, make cross-border and micropayments, open escrow accounts. The deployment of the MultiDAG 2.0 hard fork on the main network will take place in about a month.
August 13, 2022
Monero (XMR) Upgrade
The new Monero blockchain update has been pushed back to August 13, 2022 due to required multisig security fixes and hardware wallet delays. After the update, the ring-size will be increased from 11 to 16, the Bulletproofs algorithm will be improved and will reduce the volume of transactions and increase their confirmation speed, the tag viewing system will reduce wallet synchronization time by 30-40%, fees will change, network security and stability will increase.
August 31, 2022
Launch of KAVA 11
At the end of August, KAVA 11 will be launched. Liquidity staking, yield aggregator, support for all transactions in MetaMask will be added.
The Kava project is a cross-chain lending DeFi platform with its USDX stablecoin. The development team consists of specialists who have been involved in the development of projects such as Ripple, Tezos, Cosmos, MakerDAO.
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